Indian vs Asiatic

Indian and Asiatic both are nouns.

Word	Noun	Adjective	Verb	Adverb
Indian	Yes	Yes	No	No
Asiatic	Yes	Yes	No	No

As nouns, Asiatic is a hypernym of Indian; that is, Asiatic is a word with a broader meaning than Indian:

Other hypernyms of Indian include Asian.

Indian (noun)	Asiatic (noun)
any of the languages spoken by Amerindians	a native or inhabitant of Asia
a native or inhabitant of India

Indian (adjective)	Asiatic (adjective)
of or relating to or characteristic of India or the East Indies or their peoples or languages or cultures	of or relating to or characteristic of Asia or the peoples of Asia or their languages or culture
of or pertaining to Native Americans or their culture or languages